Yarn Maker Filatex India Inks Pact to Source Power from Wind-Solar Hybrid Project
Filatex India, a polyester filament yarn manufacturer, has entered into agreements with 100% subsidiaries of distributed solar company Fourth Partner Energy to procure renewable energy from the latter’s hybrid wind-solar ...
Domestic Manufacturing Segment Ready to Meet Country’s Growing Solar Needs
The Indian government is doing its best to boost domestic manufacturing under the 'Aatmanirbhar Bharat' initiative. In April last year, the Union Cabinet approved the production-linked incentive (PLI) program to push gigawatt-scale ...
Energy Security A Driving Factor As India Strives to Reach 280 GW Solar by 2030
India added approximately 9.2 GW of power capacity in the first half (1H) of 2022, out of which renewables, including large hydro, contributed close to 90%. Solar contributed about 77% ...
O&M Tender Issued for 1,089 kW of Rooftop Solar Systems in West Bengal
The West Bengal Power Development Corporation (WBPDCL) has issued a notice inviting tender for comprehensive operation & maintenance (O&M) of three years for 1,089 kW of grid-connected rooftop solar systems ...
Investments are Imperative to Achieve India’s Ambitious Solar Target
Foreign investors have been teaming up with local independent power producers to tap into India's booming solar market. Riding on the heels of a growing economy and strong support from ...
NTPC Tenders 1,150 MW of Solar and 150 MW/150 MWh Battery Energy Storage in Cuba
NTPC has issued a request for qualification (RfQ) to select developers to set up 1,150 MW grid-connected solar power projects across 175 locations and 150 MW/150 MWh battery energy storage ...
Funding and M&A Roundup: FlexGen Power Closes $100 Million Series C Funding
From: Mercom Capital Group FlexGen Power Systems, a provider of integration services and software technology for energy storage solutions, announced the close of a $100 million Series C investment round. The funding ...
Project Finance Brief: Opdenergy Secures Financing for 605 MW of Solar Projects in Spain
From: Mercom Capital Group Opdenergy, an independent renewable energy producer, has signed a green financing agreement of €350 million (~$356.4 million) with BBVA and the European Investment Bank (EIB) for the construction and ...
Additional Surcharge of ₹1.20/kWh Proposed for Open Access Projects in Uttarakhand
The Uttarakhand Electricity Regulatory Commission (UERC) has invited comments on Uttarakhand Power Corporation’s (UPCL) proposal to levy an additional surcharge of ₹1.20 (~$0.016)/kWh on consumers sourcing power through open access ...
Uttar Pradesh Regulator Approves Tariff of ₹2.98/kWh to Procure 125 MW of Solar Power
The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently adopted the tariff of ₹2.98 (~$0.037)/kWh to procure 125 MW of solar power from grid-connected projects to be installed under the 'Solar ...
NLC India Invites Bids for 500 MW of ISTS-Connected Solar Projects
NLC India has invited bids to set up 500 MW of interstate transmission system (ISTS)-connected solar power projects on a pan-India basis. The successful bidder will also have to take ...
Emerging Solar Technologies Can Improve Power Generation and Revenues
Solar energy has emerged as a clean, sustainable, and powerful alternative to fossil fuels. Sunlight can meet the world's energy demands with various technologies to harvest solar energy. The first ...
Customs Authority Allows a Solar Developer to Import Modules at a Concessional Rate of 5%
The Customs Authority for Advance Rulings recently allowed the import of all the components for a solar project at a concessional rate of 5%, circumventing the basic customs duty impositions ...
Mahindra CIE Automotive to Procure Power from Strongsun Solar’s Projects
Mahindra CIE Automotive has agreed to acquire a 26% stake in Strongsun Solar to procure power from two captive solar power projects to be set up in Maharashtra. The estimated ...
Bids Invited for 300 MW of Floating Solar Projects in Madhya Pradesh
Rewa Ultra Mega Solar (RUMSL) has invited bids to develop 300 MW of floating solar projects (3x100 MW, Phase-II) at the Omkareshwar reservoir in Madhya Pradesh. RUMSL is a joint ...
Power Ministry Notifies Wind, Hydro and Energy Storage Purchase Obligation Up to 2030
The Ministry of Power (MoP) has issued the Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) until the financial year 2029-2030. A committee under the co-chairmanship of secretaries of ...
Rajasthan, Haryana, and Punjab Lead Solar Pump Installations Under PM-KUSUM Program
Rajasthan, Haryana, and Punjab are the top three states with the highest number of solar pump installations under the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) program. This ...
JSW Energy’s Revenue Increased by 68% YoY to ₹31.15 Billion in Q1 FY 2023
JSW Energy registered revenue of ₹31.15 billion (~$389.62 million) in the first quarter (Q1) of the financial year (FY) 2023, an increase of 68% year-over-year (YoY) over ₹18.6 billion (~$232.65 ...
Uttar Pradesh Metro Invites Bids for 2 MW of Rooftop Solar Systems
The Uttar Pradesh Metro Rail Corporation (UPMRCL) has invited bids to install and commission 2 MW of rooftop solar systems on depots and stations of the Lucknow metro project. The ...
Regulator Approves Purchase of 1,692 MW of Solar Power by Telangana DISCOMs
The Telangana State Electricity Regulatory Commission (TSERC) has approved power usage agreements (PUAs) between Telangana distribution companies (DISCOMs), and NTPC for the purchase of 1,692 MW of solar power from ...
Dubai to Invest $11 Billion to Expand Clean Energy Projects
Dubai Electricity and Water Authority (DEWA) plans to invest AED 40 billion (~$10.88 billion) on capital expenditure in the next five years, including expanding renewable and clean energy projects. According ...
Policy Tweaks Necessary to Achieve India’s Solar Target of 280 GW by 2030
Last year was a banner year for the Indian solar sector, with capacity additions breaking the 10 GW for the first time, raising hopes of India achieving the 500 GW ...
UK Announces $4 Million Grant to Place Solar Panels in Space
In a first globally, the United Kingdom government has announced a £3 million (~$4 million) grant for space-based solar projects aimed at collecting the sun's energy using solar panels orbiting ...
Robotic Cleaning Can Maximize Energy Yield & Reduce O&M Cost of Solar Projects
Solar power projects need efficient operations and careful maintenance after being commissioned to maximize energy yield through the project's useful life. Dust and dirt that settle on solar modules reduce ...
Researchers Claim Two World Records in Solar Cell Efficiency
Researchers at EPFL’s Photovoltaics and Thin film electronics laboratory and CSEM’s Sustainable Energy Center claim to have set two world records by achieving an efficiency of over 30% for perovskite-on-silicon-tandem ...
